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Topic: " Life Altering " ......? (Read 4723 times)

member
Activity: 143
Merit: 17
December 02, 2020, 11:24:31 AM
#67
What do you think about the airbnb ipo?
I read already 2-3 articles on big news and 1 says the price for the abnb stock will be about 45$
zerohedge said yesterday that it will be about 80$?
is there a method to know exactly before the ipo itsef?
legendary
Activity: 1834
Merit: 1019
November 30, 2013, 09:33:14 PM
#66
If in the US, plan on giving half of the profit to the government.  So to keep that $15 mil, you will need to make 30 mil.  Unless of course you just spend your coins or attempt to avoid taxes.

Let's see.  Keep it for a year.  Quit my job.  Make less than $70,000 (joint) in a year.  Pay that 0% tax rate.  Whew, those taxes are brutal...  Roll Eyes

Here is the bracket for 2013:

January 1, 2013 -

Hold   1 Year or More      

10% tax rate = 0% capital gains tax rate   
15% tax rate = 0% capital gains tax rate
25% tax rate = 15% capital gains tax rate
28% tax rate = 15% capital gains tax rate
33% tax rate = 15% capital gains tax rate
35% tax rate = 18.8% capital gains tax rate
39.6% tax rate = 23.8% capital gains tax rate

Note: Obama is trying to change this for 2014 but they didn't get it done in time for 2013, so keep that in mind.

Here are the current Adjusted Gross Incomes for these brackets:

2013 Tax Brackets (For taxes due April 15, 2014)
Tax rate    Single filers       Married filing jointly or qualifying widow/widower    Married filing separately    Head of household
10%      Up to $8,925      Up to $17,850                     Up to $8,925         Up to $12,750
15%      $8,926 - $36,250   $17,851 - $72,500                  $8,926- $36,250      $12,751 - $48,600
25%      $36,251 - $87,850   $72,501 - $146,400                  $36,251 - $73,200      $48,601 - $125,450
28%      $87,851 - $183,250   $146,401 - $223,050                  $73,201 - $111,525      $125,451 - $203,150
33%      $183,251 - $398,350   $223,051 - $398,350                  $111,526 - $199,175      $203,151 - $398,350
35%      $398,351 - $400,000   $398,351 - $450,000                  $199,176 - $225,000      $398,351 - $425,000
39.6%   $400,001 or more   $450,001 or more                  $225,001 or more      $425,001 or more

Long term capital gains (held more than 1 year) do not count toward AGI.  Short term (held less than 1 year) do.  Also, get a house payment (interest) and some kids to offset your AGI.  Also, donate to your favorite charity instead of the goverment if you like them better to get into a lower bracket.

God bless you for bringing this to my attention
newbie
Activity: 26
Merit: 0
November 30, 2013, 08:07:14 PM
#65
Pay that 0% tax rate.

...

Long term capital gains (held more than 1 year) do not count toward AGI.

Are you 100% sure about that? I don't believe that entrepreneurs selling their dot com businesses get away with 0% tax. I certainly didn't.

The tax code is complicated. I'm pretty sure the capital gains doesn't count towards your AGI it terms of taxing your other income, but it certainly counts in terms of which capital gains bracket you will be taxed at.

If you're sitting on a capital gains of $70k+, talk to a tax accountant to make double-sure you're not going to get fined stiff penalties for not abiding by the tax codes.
legendary
Activity: 2114
Merit: 1015
November 30, 2013, 07:16:33 PM
#64
Yes, I was. You can fake the "high ground," but just do yourself a favor and crawl back in your shell. Try not to be a jerk to people for no reason next time.

Thanks, I will. Don't have a shell though. By the way, I actually meant to send you love, it was not fake but I needed to imaginatively equalize your essence with mine in order to be purely sincere.
full member
Activity: 182
Merit: 106
November 30, 2013, 07:01:39 PM
#63
Yes, I was. You can fake the "high ground," but just do yourself a favor and crawl back in your shell. Try not to be a jerk to people for no reason next time.
legendary
Activity: 2114
Merit: 1015
November 30, 2013, 06:57:04 PM
#62
blablabla

You're looking for a fight. You're not getting it from here. Much of love to you nevertheless.
full member
Activity: 182
Merit: 106
November 30, 2013, 06:47:52 PM
#61
If you brought this up then I'll put it on bold: a user's day to day OS somehow determines their computer competency.
I didn't bring it up, you did, you dunce. Just because you decided to ninjaedit doesn't mean people didn't see it.

This is true. I switched to full linux in all of my computers 2 years ago when I had too many bitcoins lying around in my windows machines. Knowing that windows is a giant security vulnerability, a bitcoin techie should never want to use this OS.
Funny, you criticize others for not being "techies" through subtle jabs yet you were so insecure of your own understanding that you had to switch to a OS with a small market share to avoid being owned. You don't see the humor in that?

The demented meathead on my avatar is me.
No way, you don't say?
legendary
Activity: 2114
Merit: 1015
November 30, 2013, 06:42:37 PM
#60
You really expect me to give you details after you insult me? Don't really know what brought it on....
His name is Hyena and his avatar is of some demented meathead with a gasmask. You had higher expectations? He also edited his post, after acting like a user's day to day OS somehow determines their computer competency.

If you brought this up then I'll put it on bold: a user's day to day OS somehow determines their computer competency.

This is true. I switched to full linux in all of my computers 2 years ago when I had too many bitcoins lying around in my windows machines. Knowing that windows is a giant security vulnerability, a bitcoin techie should never want to use this OS.

The demented meathead on my avatar is me. It's a nice trap for people who judge by stereotypes and you just fell for it.
legendary
Activity: 2114
Merit: 1015
November 30, 2013, 06:32:07 PM
#59
You really expect me to give you details after you insult me? Don't really know what brought it on....

I never insulted you (at least not on purpose). But sorry for bringing up a painful memory or something. Just thought that others may learn something from your mistakes.
full member
Activity: 182
Merit: 106
November 30, 2013, 06:27:42 PM
#58
Smart people also have stupid ideas, you know. Unless you hold anyone with a famous name to be infallible.

Edit: Yes, I've been aware of your type. It's evident when things get slightly political. Unfortunately opposing social and monetary philosophies can not reconcile as they're generally one in the same.
full member
Activity: 183
Merit: 100
November 30, 2013, 06:26:29 PM
#57
The Basic Income idea was also supported by people like Milton Friedman. Big Socialist, that one. Wink

I'm actually here for two reasons: 1. I think Bitcoin is like a game played with money, not something serious that has any really-long-term future and 2. I've noticed a lot of extreme right-wing pseudo-libertarians around and I'd be happy to take some of their money. Smiley
full member
Activity: 182
Merit: 106
November 30, 2013, 06:22:50 PM
#56
Socialists using bitcoin. Oh the irony.  Roll Eyes
full member
Activity: 183
Merit: 100
November 30, 2013, 06:21:09 PM
#55
For me the "enough" question can only be answered by having an income from property or shares that means you never need to work again.  Work should only be for what interests you.
Work should only be for what interests you, but I'd hate getting my basic income from any form of property - I think property rights are grossly over-rewarded in this economy and work is grossly under-rewarded. If work were properly rewarded - especially automation work performed by past generations, which shouldn't make just a few current owners rich but rather all of society - there would be enough money to ensure a decent Unconditional Basic Income for everyone, so that no one would have to take a job they disliked just for fear of losing their basic livelihood. Then we could have everyone working on what really interested them, which would lead to far more creative output and higher-quality products and services across the board.
full member
Activity: 182
Merit: 106
November 30, 2013, 06:16:13 PM
#54
You really expect me to give you details after you insult me? Don't really know what brought it on....
His name is Hyena and his avatar is of some demented meathead with a gasmask. You had higher expectations? He also edited his post, after acting like a user's day to day OS somehow determines their computer competency.
full member
Activity: 126
Merit: 100
November 30, 2013, 06:06:31 PM
#53
For example, the way I made my decision for life altering is talked about in my blog post.
http://unratedtogm.blogspot.com/2013/11/how-i-made-30000-this-month-by-not.html

So, techie, how did you get hacked?

It may be meaning lost or misconveyed in text but are you trying to be a slight asshole by writing that? You could have just said:

"So, how did you get hacked?"

Yes, I was being sarcastic. Nevertheless, I would still want to know how did you get hacked as I didn't spot the attack vector in the text you referred to.

You really expect me to give you details after you insult me? Don't really know what brought it on....
legendary
Activity: 2114
Merit: 1015
November 30, 2013, 05:56:23 PM
#52
For example, the way I made my decision for life altering is talked about in my blog post.
http://unratedtogm.blogspot.com/2013/11/how-i-made-30000-this-month-by-not.html

So, techie, how did you get hacked?

It may be meaning lost or misconveyed in text but are you trying to be a slight asshole by writing that? You could have just said:

"So, how did you get hacked?"

Yes, I was being sarcastic. Nevertheless, I would still want to know how did you get hacked as I didn't spot the attack vector in the text you referred to.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
November 30, 2013, 03:53:24 PM
#51

If Bitcoin becomes $1000000000000000000000000 I will cash out and own the planet all the paper and trees Cheesy



FTFY  Grin Grin Grin
sr. member
Activity: 308
Merit: 250
November 30, 2013, 03:20:59 PM
#50
The reason why no one would really reach any "life altering" levels? most people are scared when amount of money they have in bitcoin reaches a level they feel uncomfortable keeping. So, if you ever saw say 10k in usd, you will not hold 100k in bitcoins - you'd be long out of it by that time.

It takes one to really believe in bitcoin project to store more than 90% of your total wealth in coins and sleep well. And the true believers might be rewarded, but that would be a side effect. If you are just greedy, you are cashed out in the pennies.

I store over 90% of my wealth in BTC.

*ahem* that may be because I am not wealthy, and anything is more than 90% of zero. But hey Cheesy
sr. member
Activity: 378
Merit: 255
November 30, 2013, 03:01:55 PM
#49
If in the US, plan on giving half of the profit to the government.  So to keep that $15 mil, you will need to make 30 mil.  Unless of course you just spend your coins or attempt to avoid taxes.

Let's see.  Keep it for a year.  Quit my job.  Make less than $70,000 (joint) in a year.  Pay that 0% tax rate.  Whew, those taxes are brutal...  Roll Eyes

Here is the bracket for 2013:

January 1, 2013 -

Hold   1 Year or More      

10% tax rate = 0% capital gains tax rate   
15% tax rate = 0% capital gains tax rate
25% tax rate = 15% capital gains tax rate
28% tax rate = 15% capital gains tax rate
33% tax rate = 15% capital gains tax rate
35% tax rate = 18.8% capital gains tax rate
39.6% tax rate = 23.8% capital gains tax rate

Note: Obama is trying to change this for 2014 but they didn't get it done in time for 2013, so keep that in mind.

Here are the current Adjusted Gross Incomes for these brackets:

2013 Tax Brackets (For taxes due April 15, 2014)
Tax rate    Single filers       Married filing jointly or qualifying widow/widower    Married filing separately    Head of household
10%      Up to $8,925      Up to $17,850                     Up to $8,925         Up to $12,750
15%      $8,926 - $36,250   $17,851 - $72,500                  $8,926- $36,250      $12,751 - $48,600
25%      $36,251 - $87,850   $72,501 - $146,400                  $36,251 - $73,200      $48,601 - $125,450
28%      $87,851 - $183,250   $146,401 - $223,050                  $73,201 - $111,525      $125,451 - $203,150
33%      $183,251 - $398,350   $223,051 - $398,350                  $111,526 - $199,175      $203,151 - $398,350
35%      $398,351 - $400,000   $398,351 - $450,000                  $199,176 - $225,000      $398,351 - $425,000
39.6%   $400,001 or more   $450,001 or more                  $225,001 or more      $425,001 or more

Long term capital gains (held more than 1 year) do not count toward AGI.  Short term (held less than 1 year) do.  Also, get a house payment (interest) and some kids to offset your AGI.  Also, donate to your favorite charity instead of the goverment if you like them better to get into a lower bracket.
full member
Activity: 126
Merit: 100
November 30, 2013, 02:59:24 PM
#48
For example, the way I made my decision for life altering is talked about in my blog post.
http://unratedtogm.blogspot.com/2013/11/how-i-made-30000-this-month-by-not.html

So, techie, how did you get hacked?

It may be meaning lost or misconveyed in text but are you trying to be a slight asshole by writing that? You could have just said:

"So, how did you get hacked?"
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